Financial Accounts of the United States - Z.1
B.103 Balance Sheet of Nonfinancial Corporate Business
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; total assets | FL102000005 | 57702.1 | 57572.9 | 57717.1 | 56748.9 | 56492.3 | 57572.9 | 58446.7 | 59489.9 | 59572 | 1 |
| Nonfinancial corporate business; nonfinancial assets | LM102010005 | 29466.8 | 30572.1 | 29607.2 | 29983 | 30435.5 | 30572.1 | 30712.2 | 31152.3 | 31168.8 | 2 |
| Nonfinancial corporate business; real estate at market value | LM105035005 | 17119.3 | 17110.9 | 16842.2 | 16835 | 17133.9 | 17110.9 | 17024.3 | 17408.9 | 17243.9 | 3 |
| Nonfinancial corporate business; equipment, current cost basis | LM105015205 | 5827.3 | 6282.6 | 5956.9 | 6088.6 | 6181.7 | 6282.6 | 6429.5 | 6437.5 | 6497.3 | 4 |
| Nonfinancial corporate business; nonresidential intellectual property products, current cost basis | LM105013765 | 3359.4 | 3686.9 | 3445 | 3534.4 | 3611 | 3686.9 | 3784.3 | 3871.5 | 3951.7 | 5 |
| Nonfinancial corporate business; inventories excluding IVA, current cost basis | LM105020015 | 3160.8 | 3491.6 | 3363.1 | 3525 | 3508.8 | 3491.6 | 3474.1 | 3434.4 | 3476 | 6 |
| Nonfinancial corporate business; total financial assets | FL104090005 | 28235.3 | 27000.8 | 28109.9 | 26765.9 | 26056.8 | 27000.8 | 27734.5 | 28337.6 | 28403.2 | 7 |
| Nonfinancial corporate business; private foreign deposits; asset | FL103091003 | 166.3 | 190.6 | 185.6 | 160.6 | 163.3 | 190.6 | 186.8 | 209.1 | 217.2 | 8 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FL103020005 | 2049.8 | 2010.3 | 2001 | 1877.6 | 1894 | 2010.3 | 1969.6 | 1937.5 | 2060.6 | 9 |
| Nonfinancial corporate business; total time and savings deposits; asset | FL103030003 | 283.7 | 297.1 | 284.6 | 264.4 | 295.6 | 297.1 | 274.9 | 391.7 | 415.4 | 10 |
| Nonfinancial corporate business; money market fund shares; asset | FL103034000 | 813.1 | 739.5 | 766.5 | 740.1 | 726.5 | 739.5 | 810.1 | 843.6 | 881.5 | 11 |
| Nonfinancial corporate business; security repurchase agreements; asset | FL102051003 | 26.7 | 28.5 | 30 | 24.6 | 24.7 | 28.5 | 30.7 | 30.1 | 29.7 | 12 |
| Nonfinancial corporate business; debt securities; asset | LM104022005 | 409.6 | 369.1 | 378 | 400 | 358.2 | 369.1 | 370.1 | 380.8 | 417.3 | 13 |
| Nonfinancial corporate business; commercial paper; asset | FL103069100 | 256.3 | 204.8 | 229.1 | 248.3 | 209.2 | 204.8 | 205 | 197.1 | 228.2 | 14 |
| Nonfinancial corporate business; Treasury securities; asset | LM103061103 | 79.7 | 91.7 | 75.1 | 81.2 | 80.6 | 91.7 | 92.3 | 106.6 | 111.2 | 15 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | LM103061703 | 26.6 | 30.6 | 25 | 27.1 | 26.9 | 30.6 | 30.8 | 35.5 | 37.1 | 16 |
| Nonfinancial corporate business; municipal securities; asset | LM103062003 | 27.3 | 23.8 | 25.4 | 24.4 | 23.3 | 23.8 | 24.2 | 24.2 | 23.1 | 17 |
| Equity real estate investment trusts; corporate and foreign bonds; asset | LM123063003 | 19.8 | 18.3 | 23.3 | 19.1 | 18.2 | 18.3 | 17.8 | 17.4 | 17.7 | 18 |
| Nonfinancial corporate business; loans; asset | FL104023005 | 149 | 184.9 | 157.9 | 177.3 | 180.1 | 184.9 | 194.2 | 199.1 | 203.4 | 19 |
| Nonfinancial corporate business; total mortgages; asset | FL103065005 | 113.2 | 149.1 | 123.2 | 142.3 | 145.1 | 149.1 | 159.5 | 164.2 | 168.4 | 20 |
| Nonfinancial corporate business; consumer credit; asset | FL103066005 | 35.8 | 35.8 | 34.7 | 34.9 | 35 | 35.8 | 34.7 | 34.9 | 35 | 21 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | LM103092305 | -29.7 | -59.9 | -63.9 | -39.9 | -65 | -59.9 | -21 | -56.7 | -35.8 | 22 |
| Nonfinancial corporate business; corporate equities; asset | LM103064103 | 3144.9 | 2396 | 2945.7 | 2428.2 | 2268.8 | 2396 | 2530 | 2705.6 | 2572.6 | 23 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | LM103092105 | 7980 | 6693.8 | 7529.7 | 6373.4 | 5868.2 | 6693.8 | 7258.2 | 7479.5 | 7235.6 | 24 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FL103092405 | 1.6 | 1.7 | 1.9 | 1.8 | 1.7 | 1.7 | 2.1 | 1.9 | 1.9 | 25 |
| Nonfinancial corporate business; mutual fund shares; asset | LM103064203 | 444.4 | 358.5 | 415.1 | 360.7 | 339.7 | 358.5 | 375.3 | 389.8 | 375.2 | 26 |
| Nonfinancial corporate business; trade receivables; asset | FL103070005 | 4414.3 | 4595.3 | 4592.4 | 4762.1 | 4664.4 | 4595.3 | 4564.1 | 4575.5 | 4669.1 | 27 |
| Nonfinancial corporate business; total miscellaneous assets | FL103090005 | 8381.7 | 9195.4 | 8885.3 | 9235 | 9336.9 | 9195.4 | 9189.3 | 9249.9 | 9359.5 | 28 |
| Nonfinancial corporate business; total liabilities | FL104190005 | 25012.9 | 26729.2 | 25775.6 | 26365.8 | 26611.5 | 26729.2 | 26821.5 | 26968.4 | 27270.4 | 29 |
| Nonfinancial corporate business; debt securities; liability | FL104122005 | 7932.7 | 8013 | 8033.8 | 7998.1 | 8008.9 | 8013 | 8181.1 | 8200.7 | 8219.4 | 30 |
| Nonfinancial corporate business; commercial paper; liability | FL103169100 | 138.2 | 197.6 | 188.7 | 188.1 | 198.8 | 197.6 | 206.2 | 192.7 | 203.1 | 31 |
| Nonfinancial corporate business; municipal securities; liability (1) | FL103162000 | 618 | 618.8 | 622.2 | 625.4 | 619.7 | 618.8 | 618.9 | 621.7 | 618.8 | 32 |
| Nonfinancial corporate business; corporate bonds; liability | FL103163005 | 7176.5 | 7196.6 | 7222.8 | 7184.6 | 7190.4 | 7196.6 | 7356 | 7386.3 | 7397.4 | 33 |
| Nonfinancial corporate business; loans; liability | FL104123005 | 4708.4 | 5433.9 | 5014.1 | 5251.8 | 5319.8 | 5433.9 | 5461.8 | 5478.6 | 5487.1 | 34 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FL103168005 | 1123 | 1475.4 | 1270.9 | 1392.9 | 1417.1 | 1475.4 | 1492.3 | 1488.1 | 1475 | 35 |
| Nonfinancial corporate business; other loans and advances; liability | FL103169005 | 2491.3 | 2692.8 | 2609.1 | 2665.8 | 2670.2 | 2692.8 | 2683.1 | 2693.1 | 2700.5 | 36 |
| Nonfinancial corporate business; total mortgages; liability | FL103165005 | 1094.2 | 1265.7 | 1134.1 | 1193.2 | 1232.5 | 1265.7 | 1286.3 | 1297.4 | 1311.6 | 37 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM103192305 | 311.9 | 381.7 | 320.5 | 331.1 | 362.4 | 381.7 | 373.7 | 363.2 | 350.5 | 38 |
| Nonfinancial corporate business; trade payables; liability | FL103170005 | 3194.4 | 3442.7 | 3281.9 | 3430.6 | 3436.7 | 3442.7 | 3324.7 | 3346.8 | 3465.8 | 39 |
| Nonfinancial corporate business; total taxes payable; liability | FL103178005 | 249.8 | 277.5 | 306 | 277.4 | 280.3 | 277.5 | 309 | 268.6 | 274.1 | 40 |
| Nonfinancial corporate business; total miscellaneous liabilities | FL103190005 | 8615.7 | 9180.5 | 8819.4 | 9076.7 | 9203.3 | 9180.5 | 9171.2 | 9310.6 | 9473.6 | 41 |
| Nonfinancial corporate business; net worth | FL102090005 | 32689.2 | 30843.7 | 31941.5 | 30383.1 | 29880.9 | 30843.7 | 31625.2 | 32521.5 | 32301.6 | 42 |
| Nonfinancial corporate business; corporate equities; liability | LM103164105 | 53257.4 | 41472.9 | 50602.7 | 41876.4 | 39946.8 | 41472.9 | 44667 | 48266.4 | 46205.4 | 43 |
| Nonfinancial corporate business; public corporate equities; liability (includes closely held before 1996q4) | LM103164115 | 44779.2 | 34082.9 | 41893.6 | 34389.5 | 32571.8 | 34082.9 | 36998 | 40110.8 | 38381.7 | 44 |
| Nonfinancial corporate business; closely held corporate equities; liability | LM103164125 | 8478.2 | 7390.1 | 8709.2 | 7487 | 7375 | 7390.1 | 7669 | 8155.7 | 7823.7 | 45 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | LM103192105 | 11258.2 | 9129.8 | 10712.5 | 8974.7 | 8502.1 | 9129.8 | 9824.4 | 10627.1 | 10320.3 | 46 |
| Nonfinancial corporate business; corporate equities as a percentage of net worth (2) | FL103164106 | 197.4 | 164.1 | 192 | 167.4 | 162.1 | 164.1 | 172.3 | 181.1 | 175 | 47 |
| Nonfinancial corporate business; debt as a percentage of the market value of corporate equities (2) | FL104104016 | 19.6 | 26.6 | 21.3 | 26.1 | 27.5 | 26.6 | 25 | 23.2 | 24.2 | 48 |
| Nonfinancial corporate business; debt as a percentage of net worth (market value) (2) | FL104104006 | 38.7 | 43.6 | 40.8 | 43.6 | 44.6 | 43.6 | 43.1 | 42.1 | 42.4 | 49 |
| Nonfinancial corporate business; total assets at historical cost | FL102000115 | 46029.9 | 45871.7 | 46275.9 | 45197.6 | 44741.7 | 45871.7 | 46875.6 | 47608.2 | 47884.5 | 50 |
| Nonfinancial corporate business; nonfinancial assets at historical cost | FL102010115 | 17794.6 | 18870.9 | 18166 | 18431.8 | 18684.8 | 18870.9 | 19141.1 | 19270.6 | 19481.4 | 51 |
| Nonfinancial corporate business; real estate, historical cost basis | FL105035045 | 6973.5 | 7210.7 | 7036.7 | 7076.8 | 7148.8 | 7210.7 | 7296.1 | 7376.5 | 7482.9 | 52 |
| Nonfinancial corporate business; nonresidential equipment, historical cost basis | FL105013213 | 5300.1 | 5496.2 | 5342.6 | 5390.4 | 5443 | 5496.2 | 5547.9 | 5600.7 | 5650.4 | 53 |
| Nonfinancial corporate business; nonresidential intellectual property products, historical cost basis | FL105013715 | 3031.5 | 3288.5 | 3093 | 3157.3 | 3222.5 | 3288.5 | 3354.8 | 3420.9 | 3487.3 | 54 |
| Nonfinancial corporate business; inventories, historical cost basis (SOI) | FL105020000 | 2489.6 | 2875.6 | 2693.6 | 2807.3 | 2870.6 | 2875.6 | 2942.3 | 2872.6 | 2860.7 | 55 |
| Nonfinancial corporate business; net worth at historical cost | FL102090115 | 21017 | 19142.5 | 20500.2 | 18831.9 | 18130.2 | 19142.5 | 20054.1 | 20639.7 | 20614.1 | 56 |
| Nonfinancial corporate business; residential structures, historical cost basis | FL105012613 | 134.4 | 143.5 | 136.8 | 139.3 | 141.5 | 143.5 | 145.4 | 147.2 | 149.2 | 57 |
| Nonfinancial corporate business; nonresidential structures, historical cost basis | FL105013613 | 6201.1 | 6449.6 | 6257.4 | 6317.4 | 6381.3 | 6449.6 | 6528.1 | 6611.3 | 6695.4 | 58 |
NOTES
- Industrial revenue bonds. Issued by state and local governments to finance private investment and secured in interest and principal by the industrial user of the funds.
- Debt is calculated as the sum of debt securities (line 29) and loans (line 33). The ratios on line 46 and 47 use the sum of corporate equities (line 42) and foreign direct investment: equity (line 45).
Last Update: December 7, 2023